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Conservative Working Capital Financing Approach 17-7. Laroux Products has the following balance sheet. Its temporary current assets are 30 percent of the current assets, and

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Conservative Working Capital Financing Approach 17-7. Laroux Products has the following balance sheet. Its temporary current assets are 30 percent of the current assets, and the remaining are permanent current assets. Cash Inventory Accounts Receivable Net Fixed Assets Total Assets $ 100,000 $ 200,000 $ 150,000 $ 550,000 $ 1,000,000 Accounts Payable Notes Payable Long-Term Debt Common Equity Total Liabilities and Equity $ 600,000 $ 200,000 $ 150,000 $ 50,000 $ 1,000,000 The company would like to change its financing approach to a more conservative one. Create a new balance sheet using the conservative approach that the company could adopt. Laroux estimates the asset amounts will remain the same

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